Heads up: Admiral multi car policy.
Discussion
Usually you have to live at the same address to benefit from a multi car policy, but last month Admiral introduced new rules which allow you to insure up to 5 cars under the same policy and as long as the other policy holders are immediate family, they do not have to live at the same address 
This is particularly beneficial when insuring young drivers, this has halved my daughters renewal to 500 quid
This is particularly beneficial when insuring young drivers, this has halved my daughters renewal to 500 quid
My folks and little bro have four cars insured between them on multicar but I've never been able to take advantage as I live elsewhere!
I will definitely be looking at this come renewal time, thanks for the heads up!
Also, I have claimed from a driver insured through Admiral and they were excellent which is always reassuring!
I will definitely be looking at this come renewal time, thanks for the heads up!
Also, I have claimed from a driver insured through Admiral and they were excellent which is always reassuring!
Admiral multi car policies rule ! My coupe has a sub policy that's fully comp for 1600 quid (including modifications) with a credited years NCB something to do with loyalty and having 3+ group 20 cars on the policy.
Would highly recommend Admiral to anyone, I will soon see if they are so forgiving with 1 years NCB and a credited NCB (2 years NCB) when I try to insure my next venture in a few months (E36 325i/328i fast road / track car) at 18 ...... it will awesome ! well when I say try and insure it .. I will insure it i'm hoping it's not more than 3K
Would highly recommend Admiral to anyone, I will soon see if they are so forgiving with 1 years NCB and a credited NCB (2 years NCB) when I try to insure my next venture in a few months (E36 325i/328i fast road / track car) at 18 ...... it will awesome ! well when I say try and insure it .. I will insure it i'm hoping it's not more than 3K
Edited by wackojacko on Sunday 13th February 23:14
Some Gump said:
Ali,
If one is to do this, do you know if all of the claims are linked? i.e, if i club together with my brother, if I then prang my car, would it kill his no claims?
Cheers
SG
Claims on one policy/car do not affect any other drivers NCB that are under the Multicar umbrella.If one is to do this, do you know if all of the claims are linked? i.e, if i club together with my brother, if I then prang my car, would it kill his no claims?
Cheers
SG
Currently going through the claims process, they are OK at best in my experience so far. They are a sister company to Elephant who we have been insured with in the past and were.....s*&%e frankly on a number of levels when we made a claim (all non fault by the way).
I have experience with Quinn Direct when making a claim against them, very speedy, professional and the claim was dealt with and the car back on the road repaired within 10 days and took care of everything.
I have experience with Quinn Direct when making a claim against them, very speedy, professional and the claim was dealt with and the car back on the road repaired within 10 days and took care of everything.
Hopefully I don't make this sound too confusing ( no doubt I will though ).
Up until recently the only way you could have a second address on the policy is if it was a second home (i.e somebody who spends the week in london working but comes home for the weekend) the other option was if one of the cars was being kept at another address due to the policyholder being a student at Uni.
Obviously just after multicar was released there were requests for allowing all the cars to be in different locations but outside the criteria of second home or Uni address but there was a reluctance by the underwriters/ senior manager etc etc as multicar was a new product they wanted to see how it performed profit and claims ratio wise.
5 years down the line and the conditions of the policy are going to be expanded abit.
For example then you have a mum,dad,son and daughter.
Mum and Dad live at address A
Son at address B
Daughter at address C
Previously son and daughter would have to come off the multicar and have 2 single car policies (sp?) thus losing the multicar discount, unfortunately in some cases this then led the quotes to be uncompetative.
Now they can all remain on one policy but with the cars at different address's. Although they are all on one policy they can choose who is named on each vehicle, multicar doesn't mean you can drive all the cars by default.
The system will rate each risk the same as if it were a policy on its own.
So if one of the cars is moved from a low risk address to a high risk one the increase will only affect that car and not the others.
TBH its still hush hush and hasn't been actively advertised yet its just being mentioned to policyholders if the conversation goes that way, so there isn't really much to say although i'm happy to speculate till the cows come home
Hopefully as I said that makes sense
Up until recently the only way you could have a second address on the policy is if it was a second home (i.e somebody who spends the week in london working but comes home for the weekend) the other option was if one of the cars was being kept at another address due to the policyholder being a student at Uni.
Obviously just after multicar was released there were requests for allowing all the cars to be in different locations but outside the criteria of second home or Uni address but there was a reluctance by the underwriters/ senior manager etc etc as multicar was a new product they wanted to see how it performed profit and claims ratio wise.
5 years down the line and the conditions of the policy are going to be expanded abit.
For example then you have a mum,dad,son and daughter.
Mum and Dad live at address A
Son at address B
Daughter at address C
Previously son and daughter would have to come off the multicar and have 2 single car policies (sp?) thus losing the multicar discount, unfortunately in some cases this then led the quotes to be uncompetative.
Now they can all remain on one policy but with the cars at different address's. Although they are all on one policy they can choose who is named on each vehicle, multicar doesn't mean you can drive all the cars by default.
The system will rate each risk the same as if it were a policy on its own.
So if one of the cars is moved from a low risk address to a high risk one the increase will only affect that car and not the others.
TBH its still hush hush and hasn't been actively advertised yet its just being mentioned to policyholders if the conversation goes that way, so there isn't really much to say although i'm happy to speculate till the cows come home
Hopefully as I said that makes sense
Zollar - thanks for the extra info.
Have I read it right somewhere in the thread that you can only have five cars on a multicar policy? If so that sucks, my folks have three, plus my brother's car and then my Z4 will take us to the limit if I join the policy. You'd think that would be enough but I want another motor too!
That said, if I get two cars I may be almost as well off setting up my own multicar, but I doubt it, my dad's cars all got cheaper the more he started adding!
Have I read it right somewhere in the thread that you can only have five cars on a multicar policy? If so that sucks, my folks have three, plus my brother's car and then my Z4 will take us to the limit if I join the policy. You'd think that would be enough but I want another motor too!
That said, if I get two cars I may be almost as well off setting up my own multicar, but I doubt it, my dad's cars all got cheaper the more he started adding!
Zollar, great explanation, thanks. I will be using this shortly I think
A wee while ago you mentioned, in reply to a question of mine, about the possibility of "mirroring" a NCD on two cars if one is used predominantly more than the other i.e. A summer car that is used for 6 months then a winter car that's used for the other 6 months, if one is used by another driver when the other is used by another driver (this doesn't make complete sense when reading it back but I've tried three different ways of explaining it!). I plan on handing my Volvo over to my parents from next month until October/November-ish, while I will mainly use my MR2 but need both cars insured all year round.
Do you know if this is possible yet? The online quote application only allows for NCD from one driver to be used on one car at a time, unless the driver has NCD built up on multiple cars at the same time.
Also, if my parent's policies on their own cars are not due for renewal, can they be added at a later date to a multicar policy?
A wee while ago you mentioned, in reply to a question of mine, about the possibility of "mirroring" a NCD on two cars if one is used predominantly more than the other i.e. A summer car that is used for 6 months then a winter car that's used for the other 6 months, if one is used by another driver when the other is used by another driver (this doesn't make complete sense when reading it back but I've tried three different ways of explaining it!). I plan on handing my Volvo over to my parents from next month until October/November-ish, while I will mainly use my MR2 but need both cars insured all year round.
Do you know if this is possible yet? The online quote application only allows for NCD from one driver to be used on one car at a time, unless the driver has NCD built up on multiple cars at the same time.
Also, if my parent's policies on their own cars are not due for renewal, can they be added at a later date to a multicar policy?
irodger said:
Zollar, great explanation, thanks. I will be using this shortly I think
A wee while ago you mentioned, in reply to a question of mine, about the possibility of "mirroring" a NCD on two cars if one is used predominantly more than the other i.e. A summer car that is used for 6 months then a winter car that's used for the other 6 months, if one is used by another driver when the other is used by another driver (this doesn't make complete sense when reading it back but I've tried three different ways of explaining it!). I plan on handing my Volvo over to my parents from next month until October/November-ish, while I will mainly use my MR2 but need both cars insured all year round.
Do you know if this is possible yet? The online quote application only allows for NCD from one driver to be used on one car at a time, unless the driver has NCD built up on multiple cars at the same time.
Also, if my parent's policies on their own cars are not due for renewal, can they be added at a later date to a multicar policy?
Your parents cars can be added at anytime they'll be noted as "pending vehicles" but you'll still get the discount on your car (although if the cars arn't eventually brought over you lose the multicar discount obviously).A wee while ago you mentioned, in reply to a question of mine, about the possibility of "mirroring" a NCD on two cars if one is used predominantly more than the other i.e. A summer car that is used for 6 months then a winter car that's used for the other 6 months, if one is used by another driver when the other is used by another driver (this doesn't make complete sense when reading it back but I've tried three different ways of explaining it!). I plan on handing my Volvo over to my parents from next month until October/November-ish, while I will mainly use my MR2 but need both cars insured all year round.
Do you know if this is possible yet? The online quote application only allows for NCD from one driver to be used on one car at a time, unless the driver has NCD built up on multiple cars at the same time.
Also, if my parent's policies on their own cars are not due for renewal, can they be added at a later date to a multicar policy?
With regards to the NCB I am slightly confused
do you mean you'll be the policyholder of both cars or you on one and your mum/dad the policyholder of the other?, the only way to get the mirrored NCB would be you being the PH of both cars and main user.HTH
ZOLLAR said:
Your parents cars can be added at anytime they'll be noted as "pending vehicles" but you'll still get the discount on your car (although if the cars arn't eventually brought over you lose the multicar discount obviously).
With regards to the NCB I am slightly confused do you mean you'll be the policyholder of both cars or you on one and your mum/dad the policyholder of the other?, the only way to get the mirrored NCB would be you being the PH of both cars and main user.
HTH
Thanks for the reply Zollar With regards to the NCB I am slightly confused
do you mean you'll be the policyholder of both cars or you on one and your mum/dad the policyholder of the other?, the only way to get the mirrored NCB would be you being the PH of both cars and main user.HTH
I will be the PH on both cars, but with the intention of swapping main drivers (from myself to my Dad) on the Volvo for the summer period when I will be mainly driving the MR2. For the winter period I will switch to be the main driver of the Volvo and the MR2 will be rarely used. I'm only giving my parents the use of the Volvo in the summer as I will hardly use it and I don't want it sat unused for a long period of time. As such, my Dad will also have the use of his own car and be the main policy holder on that.
If its too complicated for the system to work out I will just go with my NCB on the MR2 and start afresh on the Volvo.
Blue Oval84 said:
Zollar - thanks for the extra info.
Have I read it right somewhere in the thread that you can only have five cars on a multicar policy? If so that sucks, my folks have three, plus my brother's car and then my Z4 will take us to the limit if I join the policy. You'd think that would be enough but I want another motor too!
That said, if I get two cars I may be almost as well off setting up my own multicar, but I doubt it, my dad's cars all got cheaper the more he started adding!
As you said the maximum on a policy is 5 cars unfortunately I haven't heard any plans on extending this, but never say never as now that you can have cars at different address's the likelyhood (sp?) of people having more than 5 cars across the maximum of 5 address's will increase.Have I read it right somewhere in the thread that you can only have five cars on a multicar policy? If so that sucks, my folks have three, plus my brother's car and then my Z4 will take us to the limit if I join the policy. You'd think that would be enough but I want another motor too!
That said, if I get two cars I may be almost as well off setting up my own multicar, but I doubt it, my dad's cars all got cheaper the more he started adding!
If you were to get another car yourself you would have to get another policy however look on the bright side it does give you an excuse to buy more cars to get a bigger discount
ZOLLAR said:
...Previously son and daughter would have to come off the multicar and have 2 single car policies (sp?) thus losing the multicar discount, unfortunately in some cases this then led the quotes to be uncompetative.
I used to have a car insured with Admiral. Wife's car came up for renewal with a different firm, so I called Admiral with a view to taking a multi-car policy with them. (Ahead of calling, I did a single car quote online with them for my wife's car)The multi-car quote was higher than the two individual premiums and the call centre bloke said there wasn't a cash saving, the multi-car 'thing' was just to make it easy for people to have their whole group of cars come in for renewal on a single date each year.
irodger said:
Thanks for the reply Zollar
I will be the PH on both cars, but with the intention of swapping main drivers (from myself to my Dad) on the Volvo for the summer period when I will be mainly driving the MR2. For the winter period I will switch to be the main driver of the Volvo and the MR2 will be rarely used. I'm only giving my parents the use of the Volvo in the summer as I will hardly use it and I don't want it sat unused for a long period of time. As such, my Dad will also have the use of his own car and be the main policy holder on that.
If its too complicated for the system to work out I will just go with my NCB on the MR2 and start afresh on the Volvo.
Ah I see what you mean, so at the start of the policy would you be the main driver of the 2 cars aswell?, if so you could get the discount.I will be the PH on both cars, but with the intention of swapping main drivers (from myself to my Dad) on the Volvo for the summer period when I will be mainly driving the MR2. For the winter period I will switch to be the main driver of the Volvo and the MR2 will be rarely used. I'm only giving my parents the use of the Volvo in the summer as I will hardly use it and I don't want it sat unused for a long period of time. As such, my Dad will also have the use of his own car and be the main policy holder on that.
If its too complicated for the system to work out I will just go with my NCB on the MR2 and start afresh on the Volvo.
At the very worst case when you change the main user they'll remove the "mirrored" NCB but at least you'd have the discount for half the policy rather than none.
The easiest thing I could suggest is do a quote online just to get the info into the system and the ring the sales department explain the situation and they'll see what they can do.
Hope it works out well for you!,
.ZOLLAR said:
The system will rate each risk the same as if it were a policy on its own.
So where's the saving then? Perhaps there sometimes isn't one:V8mate said:
I used to have a car insured with Admiral. Wife's car came up for renewal with a different firm, so I called Admiral with a view to taking a multi-car policy with them. (Ahead of calling, I did a single car quote online with them for my wife's car)
The multi-car quote was higher than the two individual premiums and the call centre bloke said there wasn't a cash saving, the multi-car 'thing' was just to make it easy for people to have their whole group of cars come in for renewal on a single date each year.
This was my experience too - one of my daughter's was with Admiral for several years (until they had a brain fart and tried to near double her premium when she reached 25) and the other is still with Bell. I tried multicar, adding mine & wifey's cars, but it was dearer (by quite some way) than the individual premiums.The multi-car quote was higher than the two individual premiums and the call centre bloke said there wasn't a cash saving, the multi-car 'thing' was just to make it easy for people to have their whole group of cars come in for renewal on a single date each year.
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